It sounds as if it thinks my SAS SETINIT has expired but it was recently updated and should good for the next year. Any idea what could be the cause of this?

Solution:

This happens on Vista systems (we've had no reports of its happening with Windows 7). To fix the problem, renew the SAS license (which you may know as "applying the SETINIT") again. First go to the Start menu, find the SAS license renewal program, right click on it and select Run as Administrator. Then proceed as usual. If you don't use Run as Administrator to run the SAS license renewer, the SAS license update is not effective for running SAS in batch mode, which the Eventus installation, hotfix, license renewal, factor builder and other routines use.